Vedanta, Cairn India finish merger to form $15.6-bn market cap entity
Tuesday, April 11, 2017, 10:07 PM
Consolidating Vedanta’s position as one of the world’s largest diversified natural resources companies, Vedanta and Cairn India have completed their merger process on Tuesday. The merged entity will have a market capitalisation of $15.6 billion, and higher free float outstanding shares available in the public - sphere of 49.9%. Cairn Energy will have a 5% holding in Vedanta after the merger of Cairn India.